Buttonwood Financial Advisors Inc. Decreases Stock Holdings in General Electric (NYSE:GE)

Buttonwood Financial Advisors Inc. lowered its stake in shares of General Electric (NYSE:GE) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,135 shares of the conglomerate’s stock after selling 117 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in General Electric were worth $856,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GE. Susquehanna Fundamental Investments LLC purchased a new stake in shares of General Electric during the 2nd quarter valued at about $811,000. Kathmere Capital Management LLC grew its stake in General Electric by 4.5% during the second quarter. Kathmere Capital Management LLC now owns 3,654 shares of the conglomerate’s stock valued at $581,000 after acquiring an additional 156 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of General Electric by 20.2% in the second quarter. SkyView Investment Advisors LLC now owns 12,008 shares of the conglomerate’s stock worth $1,909,000 after purchasing an additional 2,020 shares during the last quarter. Ascent Group LLC increased its stake in General Electric by 1.9% in the 2nd quarter. Ascent Group LLC now owns 17,005 shares of the conglomerate’s stock worth $2,703,000 after acquiring an additional 309 shares during the last quarter. Finally, Aviso Wealth Management raised its stake in General Electric by 10.6% during the second quarter. Aviso Wealth Management now owns 1,435 shares of the conglomerate’s stock valued at $228,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE:GE opened at $196.81 on Monday. General Electric has a fifty-two week low of $103.75 and a fifty-two week high of $207.65. The company has a market cap of $213.00 billion, a P/E ratio of 34.59, a P/E/G ratio of 1.53 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm’s 50 day moving average is $175.33 and its two-hundred day moving average is $175.15.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. Analysts expect that General Electric will post 4.23 EPS for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, December 27th. General Electric’s payout ratio is 19.68%.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GE. JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup raised their target price on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.80.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.